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The devops platform market size is valued to increase USD 22.35 billion, at a CAGR of 27.89% from 2023 to 2028. Reduced delivery time will drive the devops platform market.
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The devops platform industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The it segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant growth as businesses increasingly adopt these solutions to streamline software development and delivery processes. According to recent industry reports, over 25% of IT organizations have fully implemented DevOps, while another 35% are in the process of implementing it. Looking forward, the market is expected to expand further, with industry experts estimating that up to 50% of IT teams will use DevOps tools by 2025. High availability, feedback loops, and agile methodologies are key components of DevOps platforms, enabling continuous integration, delivery, and deployment. Microservices architecture, security automation, and automated provisioning are also essential features, ensuring scalability, flexibility, and improved efficiency.
Monitoring tools, release management, and infrastructure orchestration are critical for maintaining system performance and ensuring smooth deployments. Change management, rollback procedures, log aggregation, and incident management are other essential aspects of DevOps platforms, helping teams quickly identify and address issues. Version control systems, cloud computing, and continuous delivery further enhance the development process, while configuration management, team collaboration, and deployment strategies ensure alignment and streamlined workflows. Scalability solutions, capacity planning, and knowledge sharing enable organizations to adapt to evolving business needs and market demands. Continuous integration, compliance automation, containerization technologies, collaboration tools, and infrastructure as code further strengthen the DevOps ecosystem.
Continuous deployment, disaster recovery, communication channels, and automated testing are additional features that contribute to the ongoing success of the market.
The IT segment was valued at USD 1.22 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, the market is witnessing significant growth due to the high technology maturity and increasing adoption in various industry verticals, particularly in the BFSI sector. For instance, Bank of America has implemented DevOps solutions to automate application deployment, boosting operational efficiency and customer services. The BFSI sector's shift towards digital banking solutions necessitates the adoption of DevOps tools. In contrast to other online services, financial services have unique requirements, necessitating a more robust and secure approach to technology implementation.
According to recent studies, over 60% of BFSI organizations in North America have adopted DevOps practices, and this number is projected to reach 80% by 2025. Additionally, approximately 70% of Fortune 500 companies in the region have already implemented or plan to implement DevOps tools in their IT infrastructure.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is witnessing significant growth as organizations adopt Infrastructure as Code (IAC) implementation and Continuous Integration and Continuous Delivery (CI/CD) pipeline best practices to streamline their software development processes. This shift towards automation and continuous delivery is driving the demand for advanced DevOps tools that offer automated security testing, Kubernetes cluster management techniques, microservices architecture design patterns, and container orchestration using Kubernetes. One notable trend in the market is the increasing focus on cloud-native application deployment and automated incident response mechanisms. According to market intelligence, more than 60% of new application developments are cloud-native, necessitating the need for DevOps platforms that support these deployments and provide automated response mechanisms to minimize downtime and improve application performance.
Performance monitoring metrics analysis is another critical aspect of DevOps platforms, with over 80% of organizations reporting that performance issues are their top concern. DevOps teams require tools that offer real-time performance monitoring, root cause analysis, and predictive analytics to identify and resolve issues proactively. Compared to traditional IT infrastructure, DevOps platforms offer significant advantages in terms of agility, scalability, and security. For instance, DevOps teams using Kubernetes for container orchestration report a 50% reduction in time-to-market for new applications compared to teams using traditional methods. Additionally, automated security testing tools integrated into DevOps platforms help reduce vulnerabilities and improve overall security posture.
In conclusion, the market is experiencing robust growth, driven by the adoption of IAC implementation, CI/CD pipeline best practices, and the shift towards cloud-native applications. Organizations are investing in advanced DevOps tools that offer automated security testing, Kubernetes cluster management techniques, microservices architecture design patterns, and container orchestration using Kubernetes, among other features. The market is highly competitive, with a handful of players dominating the high-end segment, accounting for over 25% of the total market share.
The devops platform market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the devops platform market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of DevOps Platform Industry
Companies are implementing various strategies, such as strategic alliances, devops platform market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Accenture Plc - This company provides a comprehensive DevOps platform, featuring pre-configured tools, test environments, automation blueprints, industry best practices, and robust security elements, enabling seamless software development and deployment processes.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled DevOps Platform Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
190 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 27.89% |
Market growth 2024-2028 |
USD 22348.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
25.46 |
Key countries |
US, China, France, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the DevOps Platform Market between 2024 and 2028?
USD 22.35 billion, at a CAGR of 27.89%
What segmentation does the market report cover?
The report segmented by End-user (IT, BFSI, Telecommunication, Retail, and Others), Component (Solutions and Software), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Reduced delivery time, Technical glitches during DevOps application deployment
Who are the major players in the DevOps Platform Market?
Key Companies Accenture Plc, Alphabet Inc., Amazon.com Inc., Atlassian Corp. Plc, Broadcom Inc., Cigniti Technologies Ltd., Cisco Systems Inc., CloudBees Inc., Dell Technologies Inc., Digital.ai Software Inc., HashiCorp Inc., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Open Text Corporation, Oracle Corp., Progress Software Corp., Rackspace Technology Inc., and Red Hat Inc.
We can help! Our analysts can customize this devops platform market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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